Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 102,096,000, a slight decrease of 0.9% compared to HKD 102,996,000 for the same period in 2024[4] - Gross profit for the period was HKD 77,277,000, down 3.0% from HKD 79,655,000 in the previous year[4] - The company reported a loss attributable to owners of HKD 12,567,000, compared to a loss of HKD 4,261,000 in the same period last year, indicating a significant increase in losses[4] - Adjusted net loss for the period was HKD 6,267,000, a decline from an adjusted profit of HKD 2,739,000 in the previous year[5] - The company reported a pre-tax loss of HKD 11,627,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 2,893,000 in the same period of 2024[18] - The company recorded a loss of approximately HKD 12,600,000 for the reporting period, compared to a loss of about HKD 4,300,000 in the same period last year[47] Assets and Liabilities - Total assets decreased to HKD 179,091,000 as of September 30, 2025, down from HKD 218,788,000 as of March 31, 2025[10] - Total assets as of September 30, 2025, were HKD 280,616,000, down from HKD 288,904,000 as of March 31, 2025[19] - The total liabilities increased to HKD 157,801,000 as of September 30, 2025, compared to HKD 153,559,000 as of March 31, 2025[19] - The company’s net current liabilities improved to HKD 51,389,000 from HKD 75,441,000, reflecting better short-term financial health[11] - Cash and cash equivalents increased to HKD 10,975,000 from HKD 5,532,000, indicating improved liquidity[10] - Cash and bank balances increased to approximately HKD 11,000,000 as of September 30, 2025, up from HKD 5,500,000 as of March 31, 2025[48] - Accounts receivable as of September 30, 2025, amounted to approximately HKD 23,357,000, down from HKD 23,998,000 as of March 31, 2025[26] - As of September 30, 2025, accounts payable amounted to approximately HKD 2,015,000, a decrease from HKD 3,856,000 as of March 31, 2025[29] - Total assets classified as held for sale amounted to approximately HKD 28,023,000, including investment properties and cash[28] Revenue Breakdown - Revenue from the health and beauty supplements and products business was HKD 99,419,000, down 0.8% from HKD 100,191,000 year-over-year[15] - The property investment business generated revenue of HKD 2,677,000, a decrease of 4.6% compared to HKD 2,805,000 in the previous year[15] - Revenue from health and beauty supplements decreased by approximately 0.8% to about HKD 99,400,000, primarily due to cautious consumer spending amid ongoing economic downturn in Hong Kong[39] Expenses - Employee costs increased to HKD 38,690,000 for the six months ended September 30, 2025, from HKD 36,070,000 in the previous year, reflecting a rise of 7.3%[20] - Sales and distribution expenses increased by approximately 29.6% to about HKD 29,300,000, driven by intensified advertising and promotional activities for new product launches[41] - Administrative expenses rose by approximately 4.0% to about HKD 51,800,000, primarily due to increased rent for designated counters and amortization of newly capitalized software[43] - Financing costs decreased by approximately 30.6% to about HKD 2,500,000, mainly due to a reduction in average borrowings and lower floating interest rates[45] Dividends and Shareholder Information - The company did not recommend any interim dividend for the two interim periods[23] - The company does not plan to declare an interim dividend for the reporting period, consistent with the previous year[57] - The company continues to meet the minimum public float requirement of 25% as per the Hong Kong Stock Exchange listing rules, with public shareholders holding approximately 49.47% of the issued share capital[62] Strategic Initiatives - The company successfully launched several new products during the reporting period, including "御藥堂強胃健" and "御藥堂參睡紫靈芝" to enhance its product offerings[34] - The company expanded its sales network by establishing an online store on e-commerce platforms like HKTVmall, aiming to reach a broader consumer base in Hong Kong[35] - The company is committed to sustainable growth through product diversification, continuous innovation via R&D, and expanding both offline and online sales channels[58] - The company plans to maintain strict cost management policies, implementing prudent cost control measures in procurement, advertising, logistics, and office expenses to sustain operational efficiency amid a challenging business environment[58] Acquisitions and Sales - A subsidiary, Yik Hsin Limited, was sold for HKD 28 million, with the transaction completed on October 16, 2025[59] - On September 12, 2025, the company announced the acquisition of 734,040,033 shares for a total consideration of HKD 18,384,960, representing approximately 24.65% of the company's issued share capital[60] - Following the completion of the acquisition, the acquirers held 1,516,534,033 shares, approximately 48.80% of the company's issued share capital[61] - The mandatory cash offer for all issued shares commenced on September 12, 2025, and concluded on November 4, 2025, with the acquirers owning approximately 50.53% of the company's issued share capital post-offer[61] Market Conditions - The overall retail sales in Hong Kong increased by approximately 2.1% compared to the same period last year, indicating a slight improvement in the retail market[32] - The Hong Kong retail market showed slight improvement during the reporting period, driven by the recovery of tourism and consumer activities, but geopolitical tensions and the strength of the HKD against non-USD currencies are expected to continue suppressing consumer sentiment in the short term[58] Compliance and Governance - The audit committee, composed of three independent non-executive directors, reviewed the interim financial statements for the period[69] - The interim report was approved by the board on November 26, 2025, and will be published in accordance with listing rules[70]
顺腾国际控股(00932) - 2026 - 中期业绩